# LtcAnalysis

LTC has yet to break through the middle band in the price action after testing the upper band of the ascending channel in February. While the coin has regressed to $ 90 this week, the latest situation shows that the retracement level within the channel is being tested. Based on the continuation of the current price trend, LTC could find another support from the $90 zone and set its next local top in the $125-$130 range. In the continuation of the increase in demand that will allow this region to be overcome, we can see that the altcoin can continue towards $150.#ContentStar #LTC #Litecoin

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This analysis suggests that Litecoin (LTC) is continuing its bullish wave that began in late November 2024, following a bottom in August 2024. The wave experienced a significant 40% correction, activating the 0.618 Fibonacci retracement level. This retracement level was precisely hit, signaling that the correction low is likely in place.
### Short-Term Analysis:
- **Green Closes:** Litecoin has closed three consecutive green days, with today marking the fourth.
- **Potential Scenarios:**
1. A small advance followed by a sudden drop, forming a higher